T H % c 5 

,-iu CHARTER 

AND 

BYE-LAWS 



THE BOSTON AND NEW-YORK 


*1 


n, J y 


COAL COMPANY. 


CAPITAL ONE MILLION OF DOLLARS. 


INCORPORATED BY AN ACT OF THE GENERAL ASSEMBLY OF THE 
STATE OF MARYLAND, PASSED DECEMBER SESSION, 1835. 


TO WHICH IS APPENDED THE 

REPORT OF THE SPECIAL AGENT. 


PRINTED BY J. BOOTH & SON. 

1838 . 























I 


CHARTER 


AND 

BYE-LAWS 


/ 

THE BOSTON AND NEW-YORK 

A 

COAX. COMPANY. 

^ Z 

J/ ■* jf N 


CAPITAL. ONE MILLION OF DOLLARS. 


INCORPORATED BY AN ACT OF THE GENERAL ASSEMBLY OF TH* 
STATE OF MARYLAND, PASSED DECEMBER SESSION, 1835 . 



Neto^ATorft: 

PRINTED BY J. BOOTH & SON. 

HR - 


1838 . 














OFFICERS AND DIRECTORS 

Elected for 1838. 


( 


OFFICERS. 

0. MAURAN, President. 

REUBEN WITHERS, Treasurer, and Register of Transfer 
JOHN LORIMER GRAHAM, Counsel and Attorney. 
THOMAS W. STORROW, Secretary. 


DIRECTORS. 


HENRY WYCKOFF, ) 
WILLIAM G. JONES, > 
CHARLES DENISON, ) 
EDMUND MUNROE, 
SAMUEL B. BARRELL, 


Of New-York. 


■> Of Boston. 


ROGER C. WEIGHTMAN, of Washington City. 


EXECUTIVE COMMITTEE. 

HENRY WYCKOFF, 

WILLIAM G. JONES, 

CHARLES DENISON. 


PRESIDENT, ex officio. 





























! I/ Jiu! 


































AM A(D TP 


TO INCORPORATE 


TSie Boston and New-York Coal Company. 


Sec. 1 . Be it enacted by the general Assembly of Maryland, company 
That Samuel B. Barrel!, Roger C. Weightman, and Edmund by C °he°naine 
Munroe, and all and every person who shall become associated ton andNcw- 


with them, in the manner hereinafter prescribed, shall be and they Company! 1 
are hereby incorporated by the name of “The Boston and New- 
York Coal Company,” and as such shall have succession, and 
may have and use a common seal, and be able and capable to sue Seal, 
and be sued, plead or be impleaded in any court of law or equity, May sue and 
and may also have, use, exercise, and enjoy all the powers, privi¬ 
leges and rights, proper and necessary for carrying on the manu- Power to 

manufacture 

facture of iron and of articles of which iron is a component part, iron, 
and for working, opening, transporting to market, and vending the 
produce of their lands, mines and manufactories, and shall have 
power to take, purchase, and hold all such property, real, personal Empowered 

to hold real 

or mixed, as they may require for the purposes aforesaid, and estate, 
shall have power to make and enter into all manner of contracts, 
in relation to the business and property aforesaid: Provided , that 


1 * 



6 


Mar not hold the said company shall at no time hold or possess in this State 

mft. e than . , , 

5.1100 acres of more than five thousand acres of land, contiguous and near each 
land. _ . _ 

other, exclusive of the quantity which may be occupied as the bed 
of any road or roads which it may be found necessary to construct, 
and may for the purposes aforesaid have and exercise, except as 
Empowered restricted by this act, the right to make bye-laws, rules and 
)aws akeb>C regulations, and all the rights and powers usually incident to 
corporations, and generally all the rights, privileges, and powers 
necessary to the objects of this act, and to the use, control, and 
disposition of the property acquired by them, and not repugnant 
to any law of this State or of the United States. 


Capital. Sec. 2. And be it enacted , That the capital stock of said 
company shall consist of five thousand shares, of one hundred 
dollars each, of which the lands and mines of the said Samuel B. 
Barrell, Roger C. Weightman and Edmund Munroe, shall consti- 

How paid in tute a P art at suc ^ P r * ce as ma Y a g ree d upon between them on 
the one part, and those who may associate with them and consti¬ 
tute the aforesaid corporation, by subscriptions for stock, payable 
in money, and the President and Directors of said Company shall 

Power to in- have power, from time to time, to increase their capital stock 
cieasa Capi- tQ an amount as ma y 5 e f 0U nd convenient and necessary for 

the objects of this act: Provided , the amount of capital stock 

Not to exceed shall at no time exceed ten thousand shares or one million of 
$1 000.000. 

dollars. 


How stock to Sec. 3. And be it enacted, That the subscriptions to the capi- 

be received. 

tal stock of said company, shall be received under the direction of 
the said Samuel B. Barrell, Roger C. Weightman and Edmund 
Munroe, or a majority of them, at such times and places as they 


7 


shall designate, giving at least ten days previous notice, in one or 
more newspapers, printed in the town of Cumberland, and in the 
cities of Baltimore and Washington, and elsewhere, if they deem 
it necessary, and each subscriber shall pay at the time of subscrip¬ 
tion to the commissioners receiving the same, the sum of twenty 
dollars on each share by him, her, or them subscribed; and every 
person who shall so subscribe for, or become the owner of one or 
more shares of said stock shall, in virtue of such ownership, be a 
member of the said corporation, and shall be entitled at all meet¬ 
ings of the stockholders to one vote, in person or by proxy, for 
each share of the capital stock which shall be held by such person, 
and the shares of the said capital stock shall be assignable or 
transferable, and shall be considered as personal property. 


Subscriber 
to pay $20 
per share. 


Each share 
one vote. 


Stock trans¬ 
ferable. 


Sec. 4. And be it enacted , That the affairs of the company President 

• « * ciiifl six direc- 

shall be managed by a President and six Directors, who shall be tols chosen 

chosen annually by the stockholders, to serve for one year, and Hnnua y 
until others shall be elected, as shall be provided by the stock¬ 
holders in the bye-laws of the said corporation; and until the first 
election of directors shall be held in pursuance of the said bye-laws, 
the said Samuel B. Barrel, Roger 0. Weightman and Edmund 
Munroe. or a majority of them, shall have full power and authority 
to exercise all the corporate powers of the said company, and the Their duties, 
said President and Direclors and their successors, or a majority of 
them, shall have full power and authority to appoint, employ and 
compensate, ami at their pleasure to remove such officers, agents 
or servants, as ihev may deem necessary in the business ot the 
company; also* to purchase and hold such real or personal pro¬ 
perty, materials, vessels, carriages, machinery, implements, privi¬ 
leges, easements and franchises, and to cause all such machinery, 


8 


Quorum. 


General 

meeting. 


Speeial 

meeting. 


buildings, or other improvements to be made, as they shall deem 
necessary to carry into effect the objects of the said company, and 
the same, or any part thereof, to sell, lease, or otherwise dispose 
of, at their discretion; also, to prescribe the mode of issuing and 
transferring stock in said company, and the evidence thereof, and 
generally to do whatever they may judge expedient for the interest 
of said company, the same being in conformity with the objects 
of this act, and not contrary to the laws of this state or of the 
United States, nor to any bye-law adopted at a general meeting of 
the stockholders of the said company: and a quorum for the trans¬ 
action of business, shall consist of the President and a majority of 
the Directors, and in case of any vacancy occurring in the Presi¬ 
dency or Directory of the company, the remaining Directors shall 
have power to fill the vacancy by appointing some stockholder to 
serve therein until the next general election thereafter. 

Sec. 5. And be it enacted , That a general meeting of the 
stockholders shall be held, on or before the first Monday of next 
November, and annually thereafter, at such time and place as 
shall be established bv the bye-laws, to which it shall be the duty 
of the President and Directors aforesaid, to make report of the 
whole condition of the business and affairs of the said company; 
and special meetings of the stockholders may be called at any 
time by the President and Directors of said compan}, or by stock¬ 
holders thereof, who shall together be proprietors of not less than 
one-fifth part of the whole stock of said company, first giving ten 
days public notice in one or more newspapers published in the 
town of Cumberland, and in the cities of Baltimore and Wash¬ 
ington, of the object or objects of such meeting; and in any and 
every meeting of the stockholders, a quorum for the transaction 

/ 


9 


of any business, other than the election of President and Directors, 
shall consist of the owners and representatives of at least the 
major part of the capital stock of said company, and every such 
meeting shall have power to pass, amend, alter, and repeal bye-laws whatmaybe 

done at meet- 

or resolutions, which shall be binding on the President and Direct- ing. 
ors, officers, agents, and servants of the Company, the same not 
being contrary to law, and shall also have power to require settle¬ 
ments, statements, and accounts relating to the businass and deal¬ 
ings of said company, general or particular; and may also dismiss 
any President, Director, officer, agent, or servant at pleasure, and 
appoint others in their stead. 

Sec. 6. And be it enacted , That for the purpose of enabling 
the said company to transport the produce of the mines, and the 
country through which their rail road shall pass, in the cheapest 
and most expeditious manner, the said company and the President 
and Directors thereof, shall be and are hereby respectively invested 
with all and singular, the rights, powers, privileges, authorities, 
immunities and advantages for the surveying, locating, establish¬ 
ing and constructing a rail road and its necessary appurtenances, Empowered 

. . . , . .1 • c i i i .to construct 

beginning the same at the mines of the said company, and running ra ii road, 
to a convenient point or points on the Basin or Canal of the Che¬ 
sapeake and Ohio Canal Company, at or near the town of Cum¬ 
berland in this State, and for the using, preserving, and controlling 
in perpetuity the said rail road, its necessary vehicles and appur- 

r 

tenances and every part thereof, or borrowing money on the credit 
of the company for its lawful purposes, which by the act incorpo¬ 
rating the Baltimore and Ohio rail road company and its several 
supplements were for the lawful purposes of said company and the 
benefit of its corporators given, granted, authorized, and secu r ed 


10 


to the said company, and its Fresident and Directors respectively 
as fully and perfectly as if the same were herein severally repeated 
May not use Provided , That it shall not be lawful for the said Boston anc 

certain lands. 

Ne w-^ ork Coal Company to occupy or use any portior of the lands 
in the gorge of the mountains from the mouth of Braddock’s Run, 
towards Cumberland, that may be necessary for the accommoda¬ 
tion of the canal and works of the Chesapeake and Ohio canal 
company, or for the main route of the Baltimore and Ohio rail 
road, or that may be within the limits of either of the public roads 
there now existing, except to cross these roads without injury to 
the same, and provided also, that full right and privilege is hereby 
connect 8 with reserve d to the citizens of this State or any company now or here- 
rai™road y un. a ^ ter to incorporated under the authority of this State, to con- 
Uons. 6StriC ' nect t ^ e ra il r°ad hereby provided for, or any other rail road, 
if in the opinions and judgment of the commissioners of Allegany 
county for the time being, passed upon full hearing of all parties 
interested, no injury would be done by such connexion to the rail 
road of said company, and that the said company shall transport 

Company * 1 

to transport on the said rail road, upon anv rail-wav connected or which may 
merchandise, * J 

&c. and rate, be connected therewith, at the rate o" one cent a ton per mile on 
all goods, merchandise, or property of any description whatsoever, 
transported on said rail road or any lateral way which they may 
construct, and also not exceeding two cents per mile for each pas¬ 
senger transported on said road, provided always, that when any 
car shall be placed on said rail road, it be adapted in size and all 
necessary particulars to said rail road, and provided further, that 
Legislature the Legislature of this State may, at any time hereafter, regulate. 

may control j j 7 » ’ 

of rt sn?d P *i*o t ii or change the control, use, and estate of so much of said 

rail road as shall be constructed under the authority hereby given, 
and be situate from Braddock’s Run through the gorge of the 


road. 







The Legislature of Maryland, as will be seen by the act below, 
has placed the Boston and New York Coal Company, upon the 
same footing as relates to transportation and passengers, as the 
Baltimore and Ohio Rail Road Company now stand, or may be 
hereafter placed. 

No 327. A supplement to the Actio Incorporate the Boston and New - 
York Coal Company , passed December Session , 1835. 

Be it enacted, by the General Assembly of Maryland, that it shall 
be lawful for the Boston and New-York Coal Company, upon the 
Rail Road which they are authorized to construct from their Mines to 
the Basin of the Chesapeake and Ohio Canal, or other points in or 
near the Town of Cumberland, to ask, demand, and have the same 
rates or prices for tolls and transportation of persons and property 
thereon transported, as the Baltimore and Ohio Rail Road Company 
is or shall be by law allowed to charge and receive. 

Approved March 30, 1838. 

The Baltimore and Ohio Rail Road Company, are authorized 
to charge the following tolls, &c. 

See act to incorporate said Company, "passed by the Legisla¬ 
ture of Maryland, Feb. 28th, 1827, Chapter 123, Section 18, page 
10, printed in pamphlet, containing “ Laws and Ordinances re¬ 
lating to the Baltimore and Ohio Rail Road Company,” viz : 

One cent a ton per mile, for tolls. Three cents a ton per mile, 
for transportation from W r est to East, (from the mines to Cum¬ 
berland.) 

Three cents a ton per mile, for tolls. Three cents a ton per 
mile, for transportation from East to West, (from Cumberland to 
the mines. 

See also Sec. 1, Chapter 261, passed March 13, 1837, page 
127, “Act relating to charges, upon the Baltimore and Ohio Rail 
Road,” which authorises the Company to charge 

Eight cents per ton, of two thousand pounds per mile. 

Six cents per mile on passengers, “ provided that the maximum 
of charge per ton per mile, upon said road, upon the articles of 
flour, grain, corn, oats, tobacco, whiskey, coal, iron, lime, ore, 
lumber, plaster, stone and wood, fish and salt, shall not exceed 
the rates allowed by the said act of incoiporation, (that is, act of 
28th, Feb. 1827, Chapter 123.) 







i .3] B 

■ 




.. 1 1 .** 









BYE-LAWS 


OF THE 

BOSTON & NEW-YORK COAL COMPANY. 


$ 1. The general meeting of the Stockholders, required by the General 

meeting of 

fifth section of the act of incorporation shall be held in the City stockholder* 

and director* 

of Baltimore, on the first Monday of November in each year, at 
which time an election for President and Directors of the Company 
for the ensuing year shall be held. An annual meeting of the 
Directors shall be held on the last Thursday in October, in each 
year, at such place as the President shall designate. Four Di¬ 
rectors and the President shall constitute a quorum for the tran3- Quorum, 
action of business at any meeting of the Board. Due notice of 
every meeting of the Board shall be given by the Secretary to each 
Director through the medium of the post office, directed to his 
place of residence. 

§ 2. The Officers of the Company to be appointed by the Board Officer*; 
of Directors shall consist of a Treasurer, Register of Stock, Coun¬ 
sellor and Attorney, Secretary, and such Agents, Engineers, and 
other subordinate Officers as the Directors shall appoint. All of 



14 


said officers to be appointed by ballot, or viva voce, as shall from 
time to time be determined by the Board of Directors, and they 
shall hold their offices during the pleasure of the board. 

iH'MetooT $ 3. No Director of the Company shall be eligible to any office 

tices of profit crea t e( ] by the bye-laws of the Company where compensation is 

allowed. 

No sales &c. A 4 . No contract for sale, alienation, or lease of the mines be- 

ofminestobe 

!na( ie by longing to the Company shall at any time be made, unless it is 

Ois unam- a & tr j j 

■ ous vote of U pon the unanimous vote of the President and Directors for the 
time being. When the propriety of such sale or lease is intended 
to be discussed, a meeting of the Directors shall be convened, 
due notice of the object of which meeting shall be given to each 
Director by the Secretary, and if any Director is unable to attend 
such meeting, his approval of such proposed sale or lease in wri¬ 
ting, placed upon the files of the Company, shall authorize the 
Secretary to record his vote at such meeting as approving of such 
sale, contract for sale, or lease. 

r\>Hp»n*a- A 5 . The compensation, commissions, or allowances to the 

tiuiofofficers y r 

b-\ fi (frs dby °® cers ar) d agents of the Company shall be regulated and deter¬ 
mined only by the Board of Directors. 

Ontiosofpie- A 6 . The President shall have power to call meetings of the 

iident. 

Directors at such time and place as he shall think proper to appoint; 
and it shall be his duty to call such meetings when requested so 
to do by any two Directors. He shall preside at all meetings of 
the board In his absence a President pro tem. shall be appointed 
by the Directors. In case of the death, absence of the Presi¬ 
dent, or his inability from any other cause to perform the duties 


15 


the office, the President pro tem. shall perform all his duties 
until the vacancy is supplied, or he is enabled to resume his sta¬ 
tion. 


$ 7. The Treasurer shall receive and disburse all monies belong- _ of 
ing to the Company, and keep regular accounts thereof, and take 
and preserve vouchers for such disbursements. He shall render 
quarterly, and as much oftener as shall be required by the Board, 
statements of receipts and disbursements by him, with the vouch¬ 
ers in support thereof, and shall make and prepare an annual re¬ 
port showing the financial condition of the Company and submit 
the same at an annual meeting of the Directors on the last 
Thursday in October, in each year. He shall deposite all monies 
received by him for the Company to its credit in such Bank as 
the Board may designate, to be drawn for on his draft payable to 
the order of the party receiving the same. All monies required to 
be expended at ojr about the mines of the Company, or for the trans- 

w 

portation of coal or iron, or other necessary expenditures, shall 
be paid by the Treasurer to the Resident Agent, on his order, 
and an accountable receipt signed by such Resident Agents or a 
simple receipt signed by the person in whose favour such order 
shall be given, shall be to the Treasurer a sufficient vouchor for 
such payment. In the before mentioned, and in all other cases 
before payments are made by the Treasurer, the President shall 
approve in writing of any bill, order, or draft presented to him 
upon the face of the same. The Treasurer shall execute a bond 
for the faithful discharge of his trust, in such amount and in such 
form as shall be approved by the Executive Committee. 


$ 8. All purchases and expenses made on account of the Com- 


16 


pany shall be paid for in cash; and no Officer, Agent, or Director 
of the Company, shall be permitted, unless expressly authorized by 
a vote of the Directors, to make any purchases whatever upon 
credit. 

Resident \ 9 , There shall be an Agent to reside at or near the mines 

Agent, hia r & 

duties. the Company, in the Stale of Maryland, who shall be called tl 
“ Resident Agent.” He shall have the general charge, superii 
tendance, and management of the coal and iron mines belongir 
to the Company, and all the real estate and personal property pe 
taining thereto, and under the direction of the Board of Directors 1 
shall make all necessary purchases, and contract and pay for sue 
work and labour as shall be required for the carrying on the work 
of the Company and the transportation of its products. He shai 
account as often as once in three months, and oftener if required 
for monies disbursed by him, by producing to and leaving with 
the Treasurer the receipts and vouchers for money paid by him, 
specifying for what account the same was paid. It shall be the 
duty of the Resident Agent to keep regular accounts, giving in 
detail credit for all property received or services rendered, and 
charging the payments or drafts therefor on the Treasurer, with 
the respective dates thereof. He shall furnish a copy of his ac¬ 
counts under oath every three months to the Treasurer. 

Executive $ An Executive Committee, to consist of the President and 
i ommittee. t j iree j)i rec t or8> shall be annually appointed by ballot, by the Board 

of Directors, at their annual meeting, as provided to be held in the 
fifth section of these bye-laws. They shall have power in the 
name of the Board to give directions to the Agents and other Offi¬ 
cers of the Company, in all cases wherein the Board of Directors 
shall not have given positive directions.’ And it shall be the duty 


17 




of such Committee to keep regular minutes of their proceedings, 
and at every meeting of the Board, such minutes shall be read. 

$11. An Auditing Committee shall annually examine and settle £udluap 
"11 accounts of the Treasurer and Agents, and make report thereof 
o the Board of Directors at their next meeting thereafter. 


$ 12. There shall be two other Agents, one of whom shall reside Agents for 

T New- Yorh 

n the City of New-York, and one in the City of Boston, who shall a«d Bosuu 

J and their 

espectively have the sale of the iron and coal transported on ac- duties. 
:ountof the Company to each of those places The prices at which 
he iron and coal shall be sold is to be fixed and regulated from time 
.o time by the Board of Directors, or the Executive Committee, 
and said Agents are to have no powers except those which are 
expressly delegated by the bye-laws, or by resolution of the Board 
of Directors. They shall pay over monthly to the Treasurer all 
monies which come to their hands, respectively, on account of the 
Company ; and once in every three months they shall severally 
render to the Treasurer a detailed statement under oath of all 
monies received by them on account of the Company. 

\ 13. Each of the three Agents of the Company shall execute Agents to 

y give bond* 

a bond, in the penal sum of ten thousand dollars, with two sureties, witheuretio* 
to be approved by the Board of Directors, (or the faithful discharge 
of his duties. 


$ 14. It shall be the duty of the Secretary to keep regular min- Secretary 
utes of all proceedings of the Directors, at every meeting of the 
Directors, and to record the same in a book to be provided for 
that purpose. He shall also give the notice (required by the act 



18 


of incorporation) of every annual election of President and Di¬ 
rectors, and all notices for meetings of the Board. 

Capita! stock 15. The capital stock of the Company shall be transferable 

transferable. 

on the books of the Company, to be kept by the Register in the city 
of New-York. 

Register of a jg The Register of Transfers of Stock shall annually, at 

trausfers and y 65 J 

ins duties. i eas t t en days before every annual election of Directors, and oftener 
if required by the President, and again eight days before the time 
appointed for the payment of any dividend, make out and transmit 
to the Secretary of the Company a transcript from his stock led¬ 
ger, setting forth in alphabetical order the names of the holders of 
stock registered in his office, with the number of shares belonging 
to each. 

Transfers of & 17. No transfers of the Stock shall be recognized as valid un- 

Stock. 

less made on the books of the Company by the stockholder, in 
person, or by his attorney, duly authorized and appointed. No 
transfer shall be made except in the transfer book, and then only 
upon the surrender of the certificate, except in case of its loss, as 
hereinafter provided. No new certificate shall be issued except 
upon the surrender of the certificate previously issued therefor, or 
proof of its loss, as hereinafter provided. 

Lost certifi- $ 18. If any person shall claim a certificate of the stock of the 

catoa. 

Company, to be issued in lieu of one lost or destroyed, he shall 
make an affidavit of the fact and circumstances of the loss or de¬ 
struction, and shall advertise in one or more public newspapers, 
to be designated by the President, for the space of three weeks, 




19 


an account of the loss or destruction of the certificate, describing 
the same, calling on all persons to show cause why a new certifi¬ 
cate should not issue in lieu of that lost. Such person shall 
transmit to the Treasurer his said affidavit, and i copy of his ad¬ 
vertisement, with evidence of its publication, as herein required, 
and shall give to the Company a satisfactory b< id of of indemnity, 
with one or more sureties, if required, in double ihe amount of the 
certificate so lost, against any damage that may ris ^ Vom issuing 
a new certificate, whereupon, one month after :he notice by ad¬ 
vertisement as aforesaid, the President shall ism; • a ew certificate 
of the same number and tenor of that said to be lost or destroyed, 
and specifying that it is in lieu thereof. 

§ 19. The seal of the Company shall be keol either >y the Pre- Seal of Com¬ 
pany. 

sident or Treasurer, and shall not be affixed by them to any in- 
strument, writing, or document whatsoever without a previous 
resolution of the Board or Executive Committee authorizing the 
same. It shall be engraved on suitable metal, with the device of 
a coal mine and a rail road car, and the words “ Frostburgh,” 

“ Maryland,” in the centre, and the words Boston and New-York 
Coal Company, Inc. Dec. Session, 1835, on the contour. 


$ 20. The Directors shall have power to make calls for pay- Directors 

ments upon the stock of the Company from time to time, not ex- ^aklTcails* 0 

ceeding the par value of the same, as fixed by the charter; but holders,°and 

to forfait 

no call shall be made unless there shall be five affirmative votes their stock if 

not paid. 

in favour thereof. The Directors may require the stockholders, 
respectively, to make payment of such calls, at such times and 
in such proportions as such Directors shall see fit, under pain of 


20 


the forfeiture of the shares upon which such payments are re¬ 
quired, and all previous payments thereon to the said corporation. 

M&nn&r of § 21. The Directors shall give notice of every such call, by 

notifying 

«aik upon notice to be published at least once a week for four weeks suc- 

atockholderv 

cessively, in one or more newspapers printed in the town ef 
Cumberland, state of Maryland, and in the cities of Washington, 
Baltimore, New-York, and Boston, which notice so to be pub¬ 
lished shall be a sufficient call on each stockholder, to authorize 
in case of his default to comply therewith, the forfeiture above 
provided. 

Fre#pnt c«r- ^ 22. Until all the instalments upon the stock shall be paid, the 

fificates of 

rfocktobo certificates of stock issued by the Register of stock in the city of 

whole capita] New-York, shall remain in the hands of the several Stockholders, 

m paid in. 

or in case such certificates or the stock represented thereby shall 
be duly transferred, and new certificates are required, such new 
certificate shall be issued, with no other variation from those al¬ 
ready issued than the altered nature of the case shall require, and 
after the whole stock shall have been paid in upon the transfer of 
stock in the manner above mentioned, and upon the surrender of 
the old certificate, new certificates shall be issued in the following 
form:— 

BOSTON AND NEW-YORK COAL COMPANY. 

(Incorporated by the Legislature of Maryland,) 

CAPITAL ONE MILLION OF DOLLARS. 

It is hereby certified that entitled 

to shares of one hundred dollars each, in the 

capital stock of the Boston and New-York Coal Company, trans¬ 
ferable only on the books of the said Company, by the said Stock¬ 
holders or attorney, on the surrender of this certificate. 


Hy a Resolution passed at a meeting of the Stockholders, held the 
'HMh December, 1839, the 20 th and 21st Sections of the By- 
Laws were so altered as to read as follows: 

§ 20. The Directors shall have power to make calls for Directors 

. authorized to 

payments upon the stock of t he Company, trom time to time, make calls 
not exceeding the par value of ihe same as fixed by the hoide r sf t< aml 
charter; and to require the Stockholders, respectively, to stock if 
make payment of such calls, at such times, and in such not paid, 
proportions as such Directors shall see fit: but no call shall 
be made unless there shall be five affirmative votes in favour 
thereof. 

$ 21. The Directors shall give notice of every such call, Manner of 

J J notifying 

by notice to be published at least once a week, for four weeks calls upon 

. . • j • Stockholder* 

successively, in one or more newspapers printed in the cities 
of Baltimore, New-York, and Boston; and it shall be the 
duty of the Secretary to give special notice of such call to each 
Stockholder, through the medium of the Post-Office; and if 
payment under such call shall not be made within five days 
of the time specified in the published notice, it shall be the 
duty of the Secretary to give special notice, forthwith, to each 
delinquent Stockholder, through the medium of the Post- 
Office, that if payment is not made within twenty days from 
t he date of said notice, the shares upon which such payment 
is required, will be forfeited, with all previous payments made 
thereon; and if at the expiration of the said twenty days the 
same is not paid, then said shares shall become forfeited to 
said Corporation for such non-payment, with all previous 
payments made thereon. Provided , however, that if at any 
time within the period of twenty-five days from the time 
when said shares shall have been thus forfeited to said Cor¬ 
poration, the assessments on the same, with interest thereon, 
from the time the same became due, and all expenses that, 
shall have been incurred thereon, shall be paid by such de¬ 
linquent Stockholder, then the forfeiture on said shares shall 
be rendered null and void, and the rights of such Stockholder 
shall be as fully restored as if no such forfeiture had taken 
place. 





■ 






















* 




























In witness whereof, the said Company have caused 
this certificate to be signed by their Register of 
Transfers of stock, at the city of New-Yoik, this 
day of in the year of our 

Lord one thousand eight hundred and 


Register of Transfers. 






' 





* 
















. 
















IBHBIPOIET 


OF 


THE SPECIAL AGENT 

J1.J , be tfC 

C - /f ->/ 

{/ 

1 2 1 © IES.&M[2S^I1 SI5IIS 


MINES OF THE COMPANY. 


Heto*3Tortt: 

PRINTED BY J. BOOTH & SON. 






























V 

























































* 


















































REPORT, &c. 


To the President and Directors of the Boston and New-York Coal 
Company :— 

Gentlemen, 

Having been appointed a Special Agent of the Boston and New- 
York Coal Company, to perform certain duties required by sundry re¬ 
solutions of the Board of Directors, and instructions of the President 
of the Company, of the 14th of February last, 1 proceeded on the 10th 
of the same month to discharge these duties, and beg respectfully to 
make the following statements and Report. 

I first proceeded to the city of Washington, where I had the bill of 
sale of the personal property conveyed to the Company, properly ex¬ 
ecuted by Samuel B. Barrell Esq. From thence to Cumberland and 
Frostburgh, in Allegany county, Md. At Cumberland, I had the deed 
of conveyance from Messrs. Barrell, Weightman and Munroe, of the 
real estate conveyed by them to the Company, and also, deeds of release 
from John J. Hoffman and John Burley, recorded in the proper office. 
All of which are herewith furnished to the Company. 

I procured, through Samuel M. Semmes Esq., from the Clerk of the 
County Court of Allegany county, the proper officer, a certificate 
showing all the incumbrances on the real estate conveyed to the Com¬ 
pany, so far as they appear on the records of his office ; also, a state¬ 
ment from Mr. Semmes, explaining the manner of the payment of the 
incumbrances. These papers are herewith submitted to the Company. 

Mr. John Powell, the gentleman in charge of the property for Messrs. 
Barrell, Weightman and Munroe, has furnished a schedule of the per¬ 
sonal property—the amount of expenditures—the debts due for existing 
contracts—and the present inceme of the estate, and 1 he amount due the 
Company for sales of coal, which are also submitted. 

3 



26 


The deed of conveyance of the Teal estate shows the whole quantity 
of lands at Frostburgh, and wharf property or depdt at Cumberland, 
amounting, exclusively of the dep6t, to 2,332 acres. A tract of land 
purchased by Mr. Barrell of Josiah Porter of about 125 acres, adjoin¬ 
ing the Company’s property, is very valuable, containing all the veins 
of Coal and Iron ore. This purchase was made with the intention of 
conveying it to the Company, but as the quantity was already large, it 
was on that account withheld, I would recommend the purchase of this 
tract at the original cost. 

The lands purchased of John Combs, Andrew Bruce and John Hoy, 
are now wholly in the possession of the Company—no efforts have been 
made to rent these farms, nor can they be rented this year, as the season 
has too far advanced to procure tenants—and as it is uncertain what 
part may be required for the Company’s operations, I would suggest 
that they remain unoccupied until this matter is settled. The land 
purchased of John Porter, William Porter and William Ward, remain 
in their possession for cultivation only , until the first day of April, 1838, 
for all other purposes, they are now in possession of the Company : an 
arrangement can probably be made with these persons for the cultiva¬ 
tion of these lands after their present contracts expire, as tenants of 
the Company. The tract purchased of William Ridgely, remains in 
his possession in the same way, until April, 1840. I am not informed 
when the Company comes into full possession of the lands purchased 
of John Burley and Thomas Porter. 

Mr. Semmes has been requested to procure a warrant of re-survey 
of these tracts of land, which will embrace them all in one, in the name 
of 1 The Boston and New-York Coal Company,’ and a new patent will 
be derived from the State of Maryland. 

I visited the principal Coal and Iron openings on the Company’s 
property. The deep, or ten feet vein of Coal, is the one principally 
worked. This vein covers an extent of about 800 acres, and accord¬ 
ing to Captain Pickell’s estimate, contains 12,445,713 tons—it can be 
worked with great facility, and the coal taken out mostly in larue masses 
—according to the statement of Mr. Powell, about 14,000 bushels have 
been taken out of this vein, at the pit on the land purchased of John Por¬ 
ter, and has been transported to thedepfttat Cumberland. About 6000 


27 


bushels of which, now all in large lumps, will be sent down the Poto¬ 
mac river and Chesapeak and Ohio Canal to Georgetown, and from 
thence to New-York. The quantity and quality of the Coal fully sus¬ 
tains the representations heretofore made. The position of the Coal is 
so admirably adapted for mining operations, that probably the whole of 
the ten feet vein may be taken out at a cost not exceeding one cent a 
bushel. This vein may be worked on the side of Jennings run, or 
Braddocks run. The best location for the rail road will determine this 
matter. I would refer you to the analysis of this Coal made by Drs. 
Jones, Jackson, and Hays, which are in possession of the Company. 

The Jive J'eet vein of Coal is opened deep in the valley of Jennings 
run, about 350 feet below the ten feet vein. This vein, doubtless, under¬ 
lays nearly the whole of the Company’s purchase, and Captain Pickell 
estimates the quantity of Coal contained in it, at 16,793,918 tons. The 
cost of mining will probably be half a cent a bushel more than the 
mining of the ten feet vein, as there is a seam of slate, varying in 
thickness from four to seven inches running through it, about the centre. 
An opening has been made in this vein, but I had not an opportunity 
of testing the Coal,—from its appearance, I think it has a greater 
quantity of Bitumen in it than the large vein, consequently, is better 
adapted to some uses.* 


* “ The coal may be so worked that all the water will be drained off by the 
entering drifts. The floor and roof of these beds are composed of slates of a 
compact and firm texture, and the inch and half inch seams of slate, supposing 
them to exist throughout, do but offer to the miner easy modes of extracting 
the coal in blocks. There is but a trace of pyrites (sulphur) in the 20 inches 
of coal below the thick seam of slate, but so small in quantity that it could not 
prove of disadvantage in any manufacture. Other than this, there is not a 
particle to be found in the remainder of the coal; and even if it were required 
to separate this, it becomes the easiest operation imaginable. A description of 
the external characters of the coal is unnecessary, excepting that of its hardness 
and toughness, which places it between the hard and tough anthracite, and the 
softer and friable bituminous coals. When put on the fire, this coal ignites with 
rase swells considerably, emitting much flame with little smoke; and after the 
lapse of two or three hours, when the bitumen is nearly exhausted, remains in 
a state of intense ignition, evolving all this time a great amount of heat, until 





28 


Until the works now in contemplation for transportation are com¬ 
pleted, the coal mines cannot be worked to any profit, and I would 
suggest, that this work be suspended. 


the carbon is consumed.—Various testimonies concur in establishing the fact, 
that where used as fuel, it becomes unnecessary to cleanse the chimnies. 
From the small quantity of bitumen it contains, it might be supposed that it 
would not form a good coke, but facts say otherwise : for from its property of 
swelling when heated, and from the small amount of earthy material contained 
in it, it forms a very superior coke; add to this, that fiom its agglutinating, all 
the fine coal may be employed for this purpose, and we find it possessing ad¬ 
vantages above every other coal. It has been supposed that the iron ore might 
be reduced by coal previous to coking; true, it might; but then the iron would 
probably lose in quality by such a mode of operating, besides which, coking 
may be conducted on the estate in so simple and economical a manner, that 
its omission becomes no object. For all branches of the iron manufacture, for 
all furnace and forging operations, smithing, dec., this coal is admirably adap¬ 
ted. For all domestic purposes it is decidedly better suited than any coal I 
have hitherto seen, not throwing off the drying heat of the anthracite, nor 
incommoding by volumes of smoke.”— J. C. Booth's Report. 

“Although a day or two later in my communication than the proposed time, 
I am not yet prepared with an analysis so exact as I intended to make, al¬ 
though I have satisfied myself respecting the superior excellence of the article, 
and particularly of its adaptation to iron-works. I converted a portion of it 
into coke, in a close vessel, and obtained a larger per centage than I recollect 
ever to have seen mentioned; 75 per cent, is the highest which I have seen, 
yours afforded 81. In this experiment, the coal which I employed, half a pound 
did not give the slightest trace of sulphur. By careful inspection of the mass 
however, I have found some minute specks of sulphuret of iron, but so small 
in quantity as not to exert any injurious influence. The only point in which l 
have not perfectly satisfied myself, is the exact relative proportions of carbon 
and of bitumen; the coking process, however, will alone furnish a very near 
approximation in this particular. In its composition it approaches much nearer 
to the Cannel coal than to any other, and is, in fact, nearly identical with it, 
although it differs from it essentially in its aggregation, the Cannel coal being 
so compact as to be readily turned in the lathe, whilst yours is quite friable 
and frangible. Although admirably adapted for domestic use, and for manu¬ 
facturing purposes, the small proportion of bitumen renders it not the best for 
gas works, so far as mere quantity is concerned; but as we cannot well com¬ 
bine contradictions, this is not to be regretted. The following is the compo- 





29 


Several openings have been made in the veins of Iron ore. Two on 
Combs tract are carried in 20 or 30 yards as main drifts , of course at 
a greater expense than will be necessary in working out the Cham - 


aition of the principal coals in England, taken from Thompson’s Chemistry, 
*ol. 2, p. 301, American Edition. 

In one hundred parts. 



Charcoal. 

I.itumen. 

Earth. 

8pec. Grav. 

Cannel Coal, .... 





Slate Coal,. 

. 47.6 . . 

. 32.5 . 

. 19.9 . 

. . . 1.426 

Whitehaven, .... 





Wigan,. 


. 36 7 . 



Swansea,. 


. 23.1 . 



Leitrim,. 




* 

Newcastle,. 


. 40.0 . 

. 2.0 . 


The Coal from your ? 
Mine as follows: $ 

. 78.0 . . 

. 19.0 . 

. 3.0 . 

. . . 1.321 

(Letter fram Dr. 

Thomas P. 

Jones to Samuel B. 

Darrell , Esq.) 


“ The Specimen of coal you sent me is entirely free from sulphur. It burns 
with a clear yellow flame, when heated red hot in a platlnn crucible, and does 
not give any smoke, so that it appears improbable that it will foul chimnies. 
and it is my belief that it will not, if it is burned in a properly constructed grate. 
I do not know of any coal in this or any other country, superior to this variety. 
It resembles more nearly the splint coal of Glasgow, Scotland, described in 
Thomson’s Chemistry, as the most valuable of the British coals, but does not 
give more than half as much ashes as that coal. For domestic use, and for 
manufactories, I esteem your Cumberland coal of the very highest value, and 
took occasion in my lecture on coal at Charlestown, last evening, to state my 
opinion to that effect. 

I have no doubt that this coal will command a higher price in the market 
than any other, and since it gives more coke (nearly twice as much) than the 
Cannel coal, it is much more valuable for domestic use, where a steady fire is 
required. As your coal burns with flame, it will be preferred by most persons 
to the autliracite, which does not possess this property but in a very low de¬ 
gree .”—Letter from Dr. C. T. Jackson to Edmund Munroe, Esq, 

“ In the account of the analysis of some specimens of bituminous coals, I 
could not embody more than such general remarks respecting them, as were 
suggested by the results, not knowing that the specimens w-ere to he compared 
in value as fuels, for ordinary use. Nos. 1 and 2 you have informed me are 












30 


bers. Mr. Powell estimates the present cost at $3 50-100 per ton, in 
working out the chambers, he thinks the cost will not exceed $2 25-100 
per ton. This is termed the Ball ore , and according to Dr. Jones’ 


English coals, and they correspond pretty closely in composition with the Nova 
Scotia of the best quality. No. 3, which has been determined of superior quali¬ 
ty, comes from Frostburgh, Md. Comparing No. 3 with No. 1 or 2, there are es¬ 
sential differences, depending on the mode in which the bitumen burns, and 
the kind of bitumen; while the latter evolve smoke and dense vapour , the 
former burns clearly and steadily for a much longer time, and its smoke is not 
overloaded with particles of soot, to be dispersed in the atmosphere, or soiling 
all objects in the vicinity of its combustion. It is entirely free from sulphur in 
any state of combination; its vapours do not therefore distress the lungs, and 
its ashes being very dense, are not mechanically suspended in the air of the 
rooms in which it is burnt; qualities which admirably fit it for parlour use, and 
constitute it the most valuable coal I ever saw for this purpose. 

For manufacturing operations requiring the application of heatin generating 
steam, evaporating and dying, it is superior to any coal known in our market, 
containing in a given bulk the materials for affording much more heat, it will 
prove of high value in any business requiring the aid of strong and lasting fires 
As a coal for affording coke, it is far more valuable than the best of the English 
coals. Its coke is very porous, and burns with appearance of charcoal; for 
reducing iron and other ores it is well adapted on account of its superior 
purity and entire freedom from sulphur. I know no reason why its coke, pro¬ 
perly prepared, should not supersede the use of charcoal for working metals, 
or domestic purposes generally. To exhibit in a condensed form, some of the 
results to which my experiment have led, I add the following observations: 
operations on a large scale have shown that 605 pounds of good raw coal are 
required to produce the same heating effect as 552 pounds dry coke. The ac¬ 
count of my analysis states the quantities of pure carbon in the respective spe¬ 
cimens, Nos. 1, 2, and 3, to form cokes about 6 percent must be added to these 
weights, then 62 for 100 will express the quantity in No. 1; 82 that of No. 3; 
consequently, to produce a given effect, 100 pounds of No. 3 would be fully 
equal to 132 pounds of No, 1, supposing it did not inflame any bettri , but it 
does consume effectively nearly all its bitumen, increasing thereby its value 
over this estimate. In the economical application of such fuel, other consider¬ 
ations are important, such as the transportation, raising, or removing of one 
quarter less in weight, when storing or consuming it. The rapid consumption of 
a greater weight in the same lime, enhances its value over other coals. I 
cannot conclude without expressing much satisfaction from learning that this 



31 


analysis, yields 41 per cent of iron. The balls are thickly imbedded 
in very friable slate rock, and are probably co-extensive with the coal 
veins—the vein or band is about four feet in thickness—should further 
mining show no diminution of the quantity, these openings can proba¬ 
bly be worked to profit. There is another large opening on the Combs 
tract in Scott's hill, where a drift has been run in 30 or 40 feet, but it 
was so filled with ice that I could not enter. The ore from this mine 
is of a different formation from that described above, but of the same 
character. Mr. Powell says it lies in three bands in a space of about 
18 inches in thickness—the three bands of iron ore, he says, are about 
14 inches thick, with thin veins of slate intervening. This mine is 
easily worked, and the cost it is supposed will not exceed $1 50-100 
per ton for the ore. Several shafts have been sunk on the Ridgely 
tract, the indications of ore much the same as that in the opening on 
Scotts’ hill, probably the same vein. Various examinations have been 
made on different parts of the property, and indications of ore appear— 
several tons have been gathered on the surface of the ground, and 
small veins near the surface may be advantageously worked. A vein 
of Brown Hematite , of a rich quality, has also been opened on the 
Bruce tract, it is about 10 inches below the surface, and nearly one foot 
in thickness—-its extent has not been ascertained—from the indications 
however, upon the surface, it would appear to underlay about 40 acres. 
This ore yields, according to Dr. Jones analysis, 61 per cent of iron. 
The ore is generally of the Argillaceous kind, and forms, in party the 
substratum and superstratum of nearly all the veins of Coal. 

Specimens from the several veins which have been opened, have 
been analyzed by Dr. Jones of Washington city, and to his tabular 
statement of the lesults, I would respectfully refer the Board.* * 


fine coal is an American production, and feel that its introduction into use as 
fuel for engines, locomotives, and furnaces generally, will serve to advance those 
branches of industry depending on such means, while its use for domestic pur¬ 
poses will add much to the cheerfulness, comfort, and salubrity of our dwel¬ 
lings .”—Letter from Dr . A. A. Hayes to Edmund Munroe , Esq. 

* »«I have at length completed the analysis of the iron ores from the mines 
near Cumberland, and am happy to oay that the results are such as must, I 




32 


There are extensive quarries of Limestone in the lands belonging to 
the Company, which is valuable as a flux in smelting iron ore, and for 
other purposes. A kiln has been erected, in which a sufficient quantity 
of lime can be burnt for all the buildings the Company may have occa¬ 
sion to erect, and for the neighbourhood. 


think, be perfectly satisfactory, as the per centageof metal which they contain, 
generally, is greater than that usually contained in the ores which are wrought 
to advantage. Those numbered 11, 13 and 15, are hard ores, and would, I am 
apprehensive, be difficult to reduce in the old way; but I am convinced that, 
with a proper flux, they would yield readily to the modern improvement of the 
hot air blast. The best ore, however, is that numbered 14—Nos. 6 and 8, al¬ 
though inferior to this in their metalic contents, are similar to it in their gene¬ 
ral character; that is, they are of such a texture as to insure their ready smelt¬ 
ing. 

Analysis of Iron Ores by Dr. Thomas P. Jones. 


No. 1.—Specific Gravity.2. 4 

No. 5.—Specific Gravity.2. 55 

Iron,.13 

Silex,.65 

Alumine,.7 

Water and Oxygen,.15 

100 

Iron,...37 

Silex,. 19 

Alumine,.7 

Water and Oxygen,.37 

100 

No. 2.—Specific Gravity.2.66 

No. 6.—Specific Gravity.3 

Iron,.32 

Silex,.34 

Alumine,.. .. .6 

Water and Oxygen,.......28 

100 

Iron,...42 

Silex,. .12 

Alumine,.6 

Water and Oxygen,..40 

100 

No. 3.—Specific Gravity.2. 5 


No. 7—Specific Gravity.2. 9 

Iron,.16 



Silex,.*..59 

Silpv IQ 

Alumine,.7 

A liiminp. . Q 

Water and Oxygen,.18 

100 

Water and Oxygen,.32 

100 

No. 4.—Specific Gravity.2. 7 

No. 8.—Specific Gravity.2. 7 

Iron,.38 


S'lex,.28 

Alumine,. 5 

Silex,.14 

A 1 ii m i np Q 

Water and Oxygen,.29 

100 

Water and Oxygen.35 

l 100 













































































33 


There is also an abundance of fire brick clay of a good quality on the 
property. It contains a portion of iron ore, which can be washed out, 
and bricks made very cheap, either for the furnaces of the iron works, 
or for sale. 

A Coke oven has been erected on the property, in which a small 
quantity of coke has been made. 

There is a very good Saw Mill on the property, erected on Jenning’s 
run, which will be useful in preparing lumber for the rail road cars and 
other purposes. 

The Farm houses and buildings are generally out of repair, and in a 
dilapidated condition—a very substantial house and outbuildings, and a 


Continuation of Analysis of Iron Ores by Dr. Thomas P. Jones. 


No. 9.—Specific Gravity.2. 8 

No. 13.—Specific Gravity.2. 9 

Iron.30 

Silex,.27 

Iron.41 

Silex,.16 

Alnminp.10 

Alnminp. ...4 

Water, Oxygen and Car¬ 
bonic acid.33 

100 

Water, Oxygen and Car¬ 
bonic acid.39 

100 

No. 10.—Specific Gravity,.3. 3 

No. 14.—Specific Gravity,.3. 4 

Iron .....40 

Silex,.24 

Alumine. 9 

Water and Oxygen,.27 

100 

Iron,...56 

Silex,.12 

Alumine,. 5 

Water, Oxygen and Car- 
bonic acid,.27 

100 

No. 11.—Specific Gravity.3. 4 

No. 15.—Specific Gravity.3. 6 

Iron,.53. 7 

Silex,. 6. 3 

Alumine,.2. 

Water, Oxygen and 
Carbonic acid.38. 

100. 

Iron.61 

Silex,.6 

Alumine,.2 

Water, Oxygen and Car¬ 
bonic acid,.31 

100 

No. 12.—Specific Gravity,.2. 5 

Extract of a Letter from Dr. Tho¬ 
mas P. Jones. 

Iron,.33. 5 

Silex.23. 5 

Alumine,.10. 

Water and Oxygen... .33. 

100. 




































































34 


Blacksmith's shop have been recently erected on the property purchased 
of John Porter.—Also, a dwelling house, not yet finished, on the Com¬ 
pany’s depot at Cumberland. 

The depbt at Cumberland, is well adapted to the uses of the Com¬ 
pany. It may be important, however, to purchase two or three small 
lots in addition. As some of the officers and other members of the 
Company will probably visit this place soon, the purchase had better be 
deferred for their decision. 

At my request, Captain John Pickel, recently employed by govern¬ 
ment under the Engineer department, in making the new location and 
construction of the National road from Cumberland to Frostburgh, has 
furnished an estimate of the probable cost of the rail road and other 
necessary works of the Company; Captain Pickell is well qualified to 
make the estimate, from his intimate knowledge of the topography and 
character of the country. 

“ The plans for the future operations of the Company ” very naturally 
suggest themselves. The rail road and other works for the Company’s 
operations ought to be completed simultaneously with the Chesapeake 
and Ohio Canal. From the best information I can obtain, this work 
will be finished and ready for navigation, by the Spring of 1840. The 
distance from Georgetown, D. C. to Cumberland, by the Canal, is 180 
miles—112 miles are already complete and in use ; 27k miles are under 
contract and nearly completed, and the remainder, about 40 miles, is 
cither under contract, or will be as soon as practicable. Should the 
plan of a slackwater navigation along the Potomac river, from Han¬ 
cock to Cumberland, a distance of about 40 miles, be adopted, the Com¬ 
pany will probably be able to put its works in operation by the Summer 
of 1839. In either case, the surveys for the rail road should be com¬ 
pleted the ensuing fall and winter, and the contracts made and the work 
commenced in the Spring of 1838. 

I have already stated that it is best to suspend working the coal pits. 
The consumption of coal in the neighbourhood is very limited, and the 
navigation of the Potomac river, uncertain and expensive. No profit 
can, therefore, be derived by working the Coal pits, until the Chesapeake 
and Ohio Canal, or the slackwater navigation is completed to Cumber¬ 
land. 


35 


The probability is, that Iron may be manufactured to advantage from 
the ore on the Company’s property. Before any expense is incurred, 
however in erecting buildings for this purpose, I would suggest the 
propriety of making further examinations, to ascertain with more cer¬ 
tainty, the extent of the ore beds. Should these examinations be satis¬ 
factory, after one or two thousand tons of ore are taken out, furnaces 
may be erected—if otherwise, the ore already excavated can probably 
be sold for enough to cover the expense of mining. The indications 
of ore are certainly very encouraging, and if the Company adopt the 
course above suggested, and the results prove as satisfactory as is an¬ 
ticipated, iron works for the manufacture of Pig iron, under the judi¬ 
cious management of a practical iron master, can hardly fail of being 
very profitable. 

I have also stated that the Company has the choice of two routes for 
its rail road from the mines to the depdt at Cumberland. The route 
through Braddock’s run will require a road about 10£ miles long. I 
the Company’s operations are confined wholly to the working of the 
ten feet vein of coal, w ithout regard to the five feet vein or the iron 
works, this route will probably be adopted. Should further examina¬ 
tions make it advisable to work the five feet vein in connexion with the 
ten feet vein of coal, and to establish iron works, the Jenning’s run 
route should be adopted. The length of the road through this valley 
will be about 13 miles, with a less inclination or lower level than the 
other. 

The farms ought to be cultivated, as the produce will be very ser¬ 
viceable to the population which will be necessarily drawn to the Com¬ 
pany’s works. Good tenants for this purpose, no doubt can be obtained 
during the Summer, for such parts as it may be desirable to rent. 

There are but two men engaged in digging iron ore. Should the Com¬ 
pany determine to prosecute the experiment I have suggested, eight 
more men ought to be employed. At the request of Mr. Barrell, 
Douglass Percy, a Scotchman of great experience both in coal and iron 
mining, now employed as overseer of these operations and in timbering 
the mines, some time since wrote to his brother, also a miner, in Scot¬ 
land, to procure men, who says in reply, that he will come out, and can 
bring eight others with him whom he can recommend. They require 
to have their expenses paid to this country, but will allow the same 


36 


amount to be deducted from their earnings. Being unacquainted with 
the practicability of obtaining miners, I am incompetent to advise in 
this matter. 

Estimate of the Cost of Rail Road, <5fC. Furnished by Cajptain John 

Pickell. 

Cost of Rail Road, double tract through Braddock’s run 


to depot at Cumberland, 10 miles, at $11,000, . . 110,000 

Fixtures at pits, and depot at Cumberland,. 7,000 

Three Locomotive Engines, at $6,000,. 18,000 

Fifty Canal Boats, carrying 100 tons each, $600, . . . . 30,000 

One hundred Coal Rail Road Cars, $70,. 7,000 

Ten per cent, for contingencies,.17,200 


$189,200 


Captain PickelVs statement of the quantity of Coal. 

The lands belonging to the Boston and New-York Coal Company, in 
the Coal district of Allegany county, Md. contain four distinct veins 
of Coal, of 10, 5, 3£, and 2£ feet in thickness severally. The 10 and 5 
feet veins being the most important—the quantity of coal in each is 
accurately calculated, and the result is as follows:— 

The 10 feet vein underlays 800 acres, and contains . 12,445,713 tons 
“ 5 “ “ “ 2150 “ “ . . 16,723,918 “ 

In the two veins,.. . . . 29,169,631 

I do not feel called on by my instructions to make an estimate of the 
probable profits which can be realized ; but I may add, that when the 
navigation by the Canal is completed, and the company’s works are 
in full operation, from 100,000 to 200,000 tons of Coal, can be delivered 
at Georgetown—and if the reasonable anticipations of the quantity of 
iron ore are not disappointed, from 2,000 to 3,000 tons of Pig Iron may 
be made annually. 

Respectfully submitted, 

N. T. ELDREDGE, 

Special Agent. 


New-York March 24, 1837. 












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